PNC Technologies피앤씨테크

PNC Technologies has swung to a large loss in 2026 on a shrinking top line, and its shares have fallen sharply over the past year.

The company makes digital power grid equipment for Korean and overseas utilities. Trailing twelve-month revenue to H1 2026 was about ₩35.6B, with an operating profit of only about ₩0.5B and a net loss of about ₩29.9B. The shares closed at ₩2,940 on 2026-10-30, down 36.7% over one year and well below the 52-week high of ₩7,450.

What stands out

• Trailing net loss of about ₩29.9B against revenue of about ₩35.6B, a net margin of -84%, while operating margin is a thin 1.5%, so the gap comes from items below operating profit that the data does not break down.
• Full-year 2025 revenue fell 20.5% to about ₩27.6B and net loss was about ₩17.9B, after profits in 2021 to 2024.
• Balance sheet shows cash of about ₩5.8B against borrowings of only ₩0.03B, but liabilities are 154.8% of equity.
• Shares trade at 0.6 times book value and no meaningful earnings multiple, with a 3.4% dividend yield shown in the data. The DCF base value in the data is ₩3,335, above the current price, but this is a model output, not a forecast.
• Foreign ownership fell from 1.3% to 1.1% over 60 days, and 20-day flows show retail buying ahead of foreign selling.

What to watch

• The next filings on results and any further impairment or loss disclosures, since the trailing loss is far larger than operating profit.
• Lawsuits filed or ruled in June, July and August 2026, whose details are not given in the data.
• The effects of the June 2026 merger completion and CEO change, and the Oct 2026 acquisition-of-equity filing, which the data does not explain; the many executive and major shareholder trading plan reports may also matter to holders.